In the context of Internet-enabled supply chain management (SCM),bargaining and renegotiating prices and term agreements are part of _____ activities.
A)order processing
B)purchasing / procurement
C)production scheduling
D)inventory management

Question

Quizplus · Accepted Answer

Bargaining and renegotiating prices and term agreements are part of purchasing/procurement activities in the SCM process. This includes identifying suppliers, selecting them, negotiating prices and terms, and managing the relationships with suppliers. The internet-enabled SCM has facilitated efficient communication and collaboration between suppliers and buyers, enabling streamlined procurement processes.

In the Context of Internet-Enabled Supply Chain Management (SCM),bargaining and Renegotiating